2003 2002 Notes to the Consolidated Balance Sheet Long-term borrowings Amounts falling due after more than one year relate to: Bond loan from credit institutions, in average effective interest rate 4.375% Bond loan from credit institutions, in average effective interest rate 5% Loans from credit institutions, in average effective interest rate 5.3% (2002: 5.2%) Loans from credit institutions, in PLN, average interest rate 5.97% (2002: 3.62%) Loans from credit institutions, in average interest rate 4% (2002:4%) Loans from credit institutions, in average interest rate 4.1% (2002:4.3%) Loans from credit institutions, in CLP, average interest rate 3.66% Loans from credit institutions, in average interest rate 2.56% Loans from credit institutions, in average interest rate 5.01% Private loan, in EGP, interest rate 12% (2002:12%) Private loan, in interest rate 5.8% Other private loans, in average interest rate 4.86% (2002: 5.2%) Other loans, interest free Total More than 5 years Total More than 5 years 497 596 387 26 158 506 75 20 202 19 68 114 53 497 596 160 337 1 162 427 110 17 16 18 37 68 118 65 37 20 26 2,721 1,304 1,215 193 Financing activities Among other loans issued in 2003 were two bond loans totalling €1,100 million. The bond loans were issued on 4 November 2003, one for €500 million with a coupon interest rate of 4-375%, maturing in February 2010, and one for €600 million with a coupon interest rate of 5.00%, maturing in November 2013. The interest- bearing loans are carried at face value plus any premiums and less associated costs. The other liabilities are carried at face value. A credit facility for €1,200 million was also contracted with a syndicate of banks at an interest rate of 0.225% over Euribor, maturing in December 2008. As at 31 December 2003, this credit facility had not been drawn on. A number of other loans was also contracted, mainly at variable interest rates. Security in the form of mortgages totalling €108 million (2002: €116 million) has been provided in respect of the other private loans. INANCIAL STATEMENTS 2003 63

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